Archive for February 14th, 2009

There are people who will insult others, but the way they do it reflect a taste of class.  Let’s take a look of some of these offenses with distinction.

“I am enclosing two tickets to the first night of my new play; bring a friend…. if you have one..”
– George Bernard Shaw to Winston Churchill

“Cannot possibly attend first night, will attend second… if there is one.”
– Winston Churchill, in response

“I feel so miserable without you; it’s almost like having you here.”
– Stephen Bishop

“He is a self-made man and worships his creator.”
– John Bright

“I’ve just learned about his illness. Let’s hope it’s nothing trivial.”
– Irvin S. Cobb

Yep, these guys would say nasty things to other people, but you’ll have to admit, they had a nice way of doing it.  Good Day.

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One of the worst nightmares for newly elect President Barack Obama, is the rapidly deterioration of the economy in the United States.  Since his short time in office, the situation is getting worse, more so than expected.

It’s already been a lousy year for workers less than a month into 2009 and there’s no relief in sight. Tens of thousands of fresh layoffs has been announced in the past three months, and more companies are expected to cut jobs  in the months ahead.

The recession, which started in December 2007, and is expected to stretch into this year, has been a job killer. The economy lost 2.6 million jobs last year, the most since 1945. The unemployment rate  jumped to 7.2 percent in December, the highest in 16 years, and is expected to keep climbing.

Forecaster have grown more pessimistic about the outlook of the economy in the near future. In a October survey, no forecaster thought GDP would fall by more than 1 percent.  In terms of business conditions, more reported customer demand dropping, capital spending reductions and shrinking profit margins.

Let’s take a look at some companies that have decided to cut their payroll in an effort to lower their operating costs and try to weather out the storm:

  • Pfizer Inc.: 8,000 employees.
  • Sprint Nextel Corp.: 8,000 employees.
  • Home Depot Inc.: 7,000 employees
  • General Motors Corp.: 2,000 employees.
  • Caterpillar Inc.: 5,000 employees.
  • Microsoft Corp.: 5,000 employees.
  • Intel Corp.:  6,000 employees.
  • United Airlines parent UAL Corp.: 1,000 employees.

Unless something unexpected  happens in the next couple of months, it’s a gloom-and doom scenario right now  It’s time to sit down on the kitchen table with a calculator in hand, and start planning for the future.  You could be one amongst thousands of workers with a pink slip in your hand.  In case this  happens, be prepared with a Plan A, Plan B and just in case, with a Plan C.  Good Day.

Source:  Tens of thousands more layoffs are announced – Yahoo! News

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